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Biodel Reports First Quarter Fiscal Year 2011 Financial Results
Date:2/3/2011

njeta™ may experience more injection site discomfort than they experience with competing products; unexpected data that may result from our clinical trials and our research and development activities; our ability to protect our intellectual property and operate our business without infringing upon the intellectual property rights of others; our estimates of future performance; our ability to enter into collaboration arrangements for the commercialization of our product candidates and the success or failure of those collaborations after consummation, if consummated; the rate and degree of market acceptance and clinical utility of our products; our commercialization, marketing and manufacturing capabilities and strategy; our estimates regarding anticipated operating losses, future revenues, capital requirements and our needs for additional financing; and other factors identified in our most recent annual report on Form 10-K for the year ended September 30, 2010.  The company disclaims any obligation to update any forward-looking statements as a result of events occurring after the date of this press release.Biodel Inc.
(A Development Stage Company)
Condensed Balance Sheets
(in thousands, except share and per share amounts)September 30,December 31,20102010(unaudited)ASSETSCurrent:Cash and cash equivalents$

22,922$

22,289Restricted cash150150Marketable securities, available for sale6,001—Taxes receivable116116Other receivables111,235Prepaid and other assets365971Total current assets29,56524,761Property and equipment, net2,9982,814Intellectual property, net5351Total assets$

32,616$

27,626LIABILITIES AND STOCKHOLDERS' EQUITYCurrent:Accounts payable$

1,989$

2,822Accrued expenses:Clinical trial expenses1,362781Payroll and related357566Accounting and legal fees300172Severance—692Other334273Income taxes payable4548Total current liabilities4,3875,354 Common stock warrant liability4
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SOURCE Biodel Inc.
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